Gold Rate Today: Gold goods are being purchased by all as gifts. Given the recent little decline in each precious metal’s price, this might be a fantastic opportunity to buy decorations made of these metals. Both historically and presently, gold has been the most widely utilised form of money worldwide. Since gold has little link with other asset classes, investors primarily purchase it as a hedge against inflation and political unrest. In India, the cost of 22-karat gold is currently Rs 5,770 per gram, whereas 24-karat gold is priced at Rs 6,295 per gram.
Gold rates in major cities
| Name of cities | Prices of 22k gold in rupees |
| Mumbai | 57700 |
| Delhi | 57850 |
| Kerala | 57700 |
| Pune | 57700 |
| Lucknow | 57850 |
| Patna | 57850 |
| Nagpur | 57700 |
| Chandigarh | 57700 |
| Surat | 57850 |
| Bhubaneswar | 57850 |
Gold Rate Update: Checkout the rates on MCX
On the MCX, gold futures maturing on April 5, 2024, are trading at Rs 62325 per 10 grammes after experiencing a slight increase of 0.03 percent. On the MCX, silver futures with a March 5, 2024 maturity date saw a 0.04 percent increase and are trading at Rs 70450 per kg. The historically low correlation of gold with other financial assets makes it a popular choice among investors as a hedge against potential economic downturns. Rising gold prices usually result in lower bond yields.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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